DP World throughput only up 3% as market remains challenging

DP World’s container volumes grew by 3.2% in like-for-like terms across its global terminal portfolio during the first nine months of 2015 as its European and UAE-based facilities cushioned the impact of tough economic headwinds.

The Dubai-based company handled 46.5m teu, up 3.7% on a reported basis, while its consolidated terminals handled 21.9m teu, a like-for-like increase of 2.5% and an overall improvement of 3.2%.

Mohammed Sharaf, DP World’s group CEO, said: “Growth rates in the third quarter have softened across the portfolio and the overall macro-economic outlook remains challenging. However, despite the economic headwinds, our portfolio has delivered a resilient nine month performance and continues to grow ahead of the market.”